Treasury Secretary Scott Bessent said the U.S. ‘is prepared to take further action if necessary’ and called on Moscow to immediately agree to a cease-fire.
Russia conducts wide-ranging missile tests after announcing progress on new nuclear weapons, coinciding with the postponement of U.S.–Russia talks in Budapest.
The leaders of Russia and the United States are set to meet in Budapest on an as yet undisclosed date for negotiations to bring an end to the war in Ukraine.
The legislation would require 500 percent tariffs on any country that buys oil or uranium from Russia, apart from imposing other sanctions on officials.
Treasury Secretary Scott Bessent said the U.S. ‘is prepared to take further action if necessary’ and called on Moscow to immediately agree to a cease-fire.
Russia conducts wide-ranging missile tests after announcing progress on new nuclear weapons, coinciding with the postponement of U.S.–Russia talks in Budapest.
The leaders of Russia and the United States are set to meet in Budapest on an as yet undisclosed date for negotiations to bring an end to the war in Ukraine.
The legislation would require 500 percent tariffs on any country that buys oil or uranium from Russia, apart from imposing other sanctions on officials.